NASDAQ:MRVLMarvell Technology Group Stock Price, Forecast & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 70.4% and is now trading at $37.50.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, August 27th 2020.
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Marvell Technology Group will be holding an earnings conference call on Thursday, August 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Marvell Technology Group Ltd. (NASDAQ:MRVL) announced its quarterly earnings results on Thursday, May, 28th. The semiconductor company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The semiconductor company had revenue of $694 million for the quarter, compared to analyst estimates of $680.19 million. Marvell Technology Group had a net margin of 55.66% and a return on equity of 2.82%. The company's revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS.
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Marvell Technology Group announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Monday, July 13th will be given a dividend of $0.06 per share on Wednesday, July 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, July 10th.
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Marvell Technology Group declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 16th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 28th. The company provided EPS guidance of $0.17-$0.23 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. The company issued revenue guidance of $684-$756 million, compared to the consensus revenue estimate of $687.06 million.

23 analysts have issued 12-month price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $50.00. On average, they anticipate Marvell Technology Group's share price to reach $35.10 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
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Headlines about MRVL stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Marvell Technology Group earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the near term.
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Marvell Technology Group saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,010,000 shares, a decrease of 11.2% from the June 30th total of 15,770,000 shares. Based on an average trading volume of 9,190,000 shares, the short-interest ratio is currently 1.5 days. Approximately 2.1% of the shares of the company are sold short.
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Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Alibaba Group (BABA), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), AbbVie (ABBV) and salesforce.com (CRM).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (0.44%), Wedge Capital Management L L P NC (0.29%), Cambiar Investors LLC (0.24%), Robecosam AG (0.23%), First Trust Advisors LP (0.20%) and Nissay Asset Management Corp Japan ADV (0.14%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes.
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MRVL stock was sold by a variety of institutional investors in the last quarter, including Arizona State Retirement System, Scout Investments Inc., Cambiar Investors LLC, Wedge Capital Management L L P NC, Frontier Capital Management Co. LLC, State of Alaska Department of Revenue, Raymond James & Associates, and Deroy & Devereaux Private Investment Counsel Inc.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, and Willem A Meintjes.
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MRVL stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, First Trust Advisors LP, Prudential PLC, Atalanta Sosnoff Capital LLC, Columbus Circle Investors, Robeco Institutional Asset Management B.V., Kornitzer Capital Management Inc. KS, and Nissay Asset Management Corp Japan ADV. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan.
View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $37.50.

Marvell Technology Group has a market capitalization of $24.95 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]